Financial Select Sector SPDR Fund (NYSEARCA:XLF) Short Interest Update

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 150,865,446 shares, a growth of 26.6% from the February 26th total of 119,121,653 shares. Based on an average daily volume of 67,116,440 shares, the short-interest ratio is currently 2.2 days. Approximately 14.6% of the shares of the company are sold short.

Financial Select Sector SPDR Fund Price Performance

XLF opened at $48.36 on Tuesday. Financial Select Sector SPDR Fund has a 12 month low of $42.21 and a 12 month high of $56.51. The stock has a market capitalization of $50.03 billion, a P/E ratio of 18.25 and a beta of 0.99. The business has a 50 day simple moving average of $51.47 and a 200-day simple moving average of $52.88.

Financial Select Sector SPDR Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.2515 per share. This is a boost from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Trading of Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wexford Capital LP purchased a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $29,000. Greykasell Wealth Strategies Inc. purchased a new position in Financial Select Sector SPDR Fund in the 3rd quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in Financial Select Sector SPDR Fund during the third quarter worth $29,000. Aventura Private Wealth LLC purchased a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth $31,000. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in Financial Select Sector SPDR Fund during the fourth quarter worth $35,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.